BMW CEO Norbert Reithofer has declared a $5.5 billion war on rising costs. This is the solution to prevent lower profit margins. To keep the profit margin to an acceptable 8%-10%, BMW needs to save $4 billion to $5.4 billion in costs. The BMW reported a margin in 2013 is …
Read More »BMW Group sales in May continue record year
Total of 177,741 vehicles delivered in May, increase of 6.8% Year-to-date sales up 7.4% to 826,865 BMW 5 Series continues to lead its segment with rise of 10.6% in May Munich. Deliveries of BMW, MINI and Rolls-Royce brand vehicles increased 6.8% to total 177,741 in the last month, making it …
Read More »BMW Group posts record sales for February
Total of 141,093 vehicles delivered in February, increase of 5.6% Year-to-date sales increase 6.6% to 273,999 Munich. With 141,093 BMW, MINI and Rolls-Royce brand vehicles delivered worldwide (prev. yr. 133,631/ +5.6%), the BMW Group achieved its best-ever February sales result. A record number of 273,999 (prev. yr. 256,933) automobiles have …
Read More »BMW Group Design claims five prizes in the GOOD DESIGNTM Award 2013
Honours go to the BMW 3 Series Gran Turismo, the MINI Paceman, the BMW R 1200 GS, the BMW Pininfarina Gran Lusso Coupé as well as the film “The BMW Concept Ninety Storyâ€. Munich. BMW Group Design earned fivefold recognition for its outstanding work in the GOOD DESIGNTM Awards 2013. In …
Read More »MINI NEXT launches in Singapore.
Pre-loved MINI cars now offered with a peace of mind like no others. Singapore. MINI Asia today announced the launch of MINI NEXT, a specialised retailing arm that offers pre-loved MINI cars that have been put through stringent 360-degree checks and reconditioning process by MINI-certified technicians using genuine parts. Singapore’s first …
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